Boeing (BA) is keeping te Dow Jones Industrial (^DJI) aloft and refreshingly smoke free. The maker of the formerly troubled Dreamliner reported a 23% increase in core fourth quarter profits. The big driver was defense where profit margins widened, presumably on secret drone stuff. The kicker was cashflow which Boeing said could reach $6.2 billion. That implies two things: 1) confidence in Dreamliner margins and 2) Buybacks and/or dividend hikes.
Electronic Arts (EA) is scoring with its upcoming profit report share price which is rallying 10% today. The game maker said titles like Madden NFL and FIFA, soccer to Americans, helped propel record breaking preliminary quarterly results. EA earned $1.4 billion in revenue and profits of $1.22 a share. Both coming in above expectations. With Super Bowl XLIX on Sunday timing could not be better for EA.
Shares of Vince McMahon’s World Wrestling Entertainment (WWE) are wearing the crimson mask down by 6%. This comes just a day after the company's shares popped 20% after announcing 1M+ subscribers for its WWE Network. Turns out the company may have been hyping those numbers to quell outrage over the outcome of its Royal Rumble pay-per-view on Sunday. Marks and smarks alike were enraged when fan favorite Daniel Bryan was eliminated from the Wrestlemania main event qualifier in favor of the considerably less popular Roman Reigns. Social media was immediately flooded with rumors that Bryan would be leaving the company, leading to #cancelWWENetwork trending on Twitter (TWTR).
